The Village Voice Dec 18 Jan 19

More documents

Recommendations

Info

Geoff Dunk DipPFS, Certs CII (MP & ER) Independent Financial Advisor • Retirement Planning • Savings & Investments • Portfolio Design & Management • Pensions Freedoms & Annuities • Estate & Inheritance Tax Planning • Long Term Care • Equity Release • Protection Initial meeting without charge or obligation We make the complex simple. Clear, unbiased and independent advice for every stage of your life. T: 01590 636472 | M: 07540 334688 | E: gd@affinityifasouth.co.uk www.affinityifasouth.co.uk Authorised and regulated by the Financial Conduct Authority. FCA Number 457234. The value of investments may go down as well as up. Investors may lose some or all of their money. The FCA does not regulate taxation and trust advice or will writing. Think carefully before securing other debts against your home. 40 To advertise call 01590 643969/07801 562358 or e-mail info@lymingtondirectory.co.uk
Steven Lord In 2017 there were 95,000 applications for a Grant of Representation by individuals; that is for Probate where there is a Will, or Letters of Administration on intestacy or other reasons. This compares with 155,000 applications through a Solicitor or alternative business structures. The person taking the Grant is called “The Personal Representative “ (PR). The process of applying for a Grant of Representation can be relatively straightforward if the assets and liabilities of the deceased’s Estate are simple, with much guidance being available from the local Probate Registry and HM Revenue and Customs. Still, most PRs prefer to use a Solicitor for a variety of reasons: • There are international assets, business interests, or trusts involved, or • There is family conflict, second marriages, overseas beneficiaries, or • There are complex Inheritance Tax or Capital Gains Tax considerations, or • The process is simply too time consuming, or • T he Executors are aware that there might be problems with their lack of experience or knowledge. The role of PR is generally a thankless task, taking considerable time and effort for no personal reward. A lay PR can claim out of pocket expenses, but not for time. If the Estate is insolvent or not correctly distributed, the PR can find themselves personally liable for debts or charges of maladministration, as well as criticism from beneficiaries whose first question DIY PROBATE PITFALLS is generally ‘how much will I inherit’ followed quickly by ‘when will I receive my inheritance’. The beneficiaries will expect to be kept up to date with progress in the administration of an estate and for all matters to be dealt with punctually. A PR needs to be confident in interpretation of the law, taxes and to be able to keep accounts properly. Increasingly we find that we are being consulted by beneficiaries who are frustrated by a lack of progress and communication by lay PRs who seem to be in no rush to complete their duties, or have been overwhelmed by the complexities involved. Such delays can be expensive for the beneficiaries, especially where a property is left vacant and there are ongoing charges for utilities, insurance and maintenance. The cost of instructing a Solicitor to assist the PR with help in the administration of an Estate is normally borne by the Estate, not by the PR personally, so taking early advice on particular issues or general guidance can be beneficial to both the PR and the Beneficiary. Heppenstalls Solicitors can offer guidance to PRs, apply for the Grant of Representation on their behalf, or can offer a full Estate administration service and are happy to offer a competitive quotation or a fixed price service, depending upon the assistance required. If you would like to speak with Steven or the team for advice please do not hesitate to contact us at Heppenstalls New Milton on 01425 610078 or Lymington on 01590 689500. enquiries@heppenstalls.co.uk 75 75 High High Street, Street, Lymington 01590 01590 689500 689500 www.heppenstalls.co.uk 82 82 Station Station Rd, Rd, New New Milton. Milton. 01425 01425 610078 610078 Please mention The Village Voice when responding to adverts 41
Page 2 and 3: For those whose lives have been imp
Page 4 and 5: BRINGING HISTORY HOME THE WHITE HOU
Page 6 and 7: 6 To advertise call 01590 643969/07
Page 8 and 9: sarah@buffetbelle.com Do 07901 9510
Page 10 and 11: ANDREW HALLIDAY FINE ART Andrew stu
Page 12 and 13: SOUTH LAWN HOTEL Lymington Road, Mi
Page 14 and 15: THE • Foggy, misted, broken doubl
Page 16 and 17: Your Local Independent Travel Agent
Page 20 and 21: HOME HEARING LYMINGTON 01590 615181
Page 24 and 25: ’ 24 To advertise call 01590 6439
Page 28 and 29: COME AND VISIT OUR SHOWROOM IN HIGH
Page 30 and 31: For Home PC & Laptop users Want to
Page 32 and 33: Call on 07496 570387 or 01590 61556
Page 34 and 35: MILFORD-ON-SEA Quality men’s groo
Page 36 and 37: Christmas Lights The Parish Council
Page 38 and 39: Parish Council Meeting Dates 2019 M
Page 42 and 43: Nursing Home 01590 648000 enquiry@s
Page 44 and 45: Mat Watson Property Services For al
Page 46 and 47: PUZZLES 1 26 14 23 19 10 14 6 14 15
Page 50 and 51: ’ 50 To advertise call 01590 6439
Page 52 and 53: The Village News Traditional Newsag
Page 54 and 55: Thanks for the memory Milford Flora
Page 56 and 57: Lunch Club Milford on Sea Methodist
Page 58 and 59: Free Talking Newspaper December 10t
Page 60 and 61: LOOKING BACK/PLANNING AHEAD Thank y
Page 66 and 67: VILLAGE DIARY: DECEMBER 2018 01-Dec
Page 68 and 69: CHURCH SERVICES St Francis of Assis
Page 70 and 71: ACCOUNTING Every Cloud 34 Margaret
Page 72: Call 01590 690155 01590 690155 / 07

The Village Voice Dec 18 Jan 19

Create successful ePaper yourself

Delete template?

Save as template?